Get ready for December. Historically, December is a good month for the S&P 500. In fact, since 1950, no month is up more often than the 75% of the time December finishes in the green, and the +1.6% average return is also the best out of the 12 months. The month of December has never finished as the worst month of the year.

The Commerce Department said consumer spending rose 0.3% in October. Consumer spending grew at a 2.3% annualized rate in the third quarter.